Showing 4566 Documents for "economic issues"
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- MAS
- Media Releases
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- Singapore, 8 November 2021... The Monetary Authority of Singapore (MAS) and the Smart Nation and Digital Government Group (SNDGG) today launched the second phase of the Singapore Financial Data Exchange (SGFinDex). Individuals can now view information on their investment holdings at The Central Depository (CDP) as part of their consolidated financial position via participating banks’ financial planning applications and MyMoneySense , a free government financial planning digital service. 2 Since its
- MAS
- External Publications
Last revised date:
- FATF’s guidance for implementing the risk-based approach for virtual assets and virtual asset service providers The Financial Action Task Force (FATF) published in June 2019 a “Guidance for a Risk-Based Approach for Virtual Assets and Virtual Asset Service Providers” (FATF Guidance) 1 . In October 2021, the FATF updated its 2019 Guidance as part of its ongoing monitoring of the virtual assets (VAs) and virtual assets service provider (VASP) sector, and to provide further clarification of the FATF
- MAS
- Speeches
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- Introduction 1 Mr Lim Peng Hun, (Deputy Principal of Singapore Polytechnic), Dr Alex Lum (Director of the MoneySENSE – Singapore Polytechnic Institute for Financial Literacy), fellow members of Financial Education Steering Committee (FESC), ladies and gentlemen. It gives me great pleasure to be here at the launch of the Institute for Financial Literacy. This marks another milestone in our journey towards a financially literate nation. 2 What characterizes a financially literate nation? The
- PDPC
- Public Consultations
Last revised date:
- Section PDPC requirement 1.4 The requirement to port data between service providers has the potential to ease an individual’s efforts to switch between different providers as it eliminates the repetitiveness of having to provide their personal data each time they switch between service providers, and thereby lowers switching costs for consumers. 1.5 3.4 Portability of historical transactional data is expected to create impetus for competitive offerings for customers to switch
- MAS
- Media Releases
Last revised date:
- Singapore, 28 June 2021… The Monetary Authority of Singapore (MAS) today announced the launch of a global challenge for retail Central Bank Digital Currency (CBDC) solutions (Global CBDC Challenge). Launched in partnership with the International Monetary Fund, World Bank, Asian Development Bank, United Nations Capital Development Fund, United Nations High Commission for Refugees, United Nations Development Programme, and the Organisation for Economic Co-operation and Development, the Global CBDC
- MAS
- Parliamentary Replies
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- QUESTION NO 3147, 3178, 3190 NOTICE PAPERS 1246 & 1251 OF 2022 FOR ORAL ANSWER Date: For Parliament Sitting on 1 August 2022 Questions: Mr Liang Eng Hwa, MP, Bukit Panjang SMC : To ask the Prime Minister (a) whether he can clarify the context on the loss of $7.4 billion reported by MAS in their financial statement for FY2021/22; and (b) whether the recorded loss will have implications on the Government’s strong Singapore dollar policy and overall budget position for the current financial year. Mr
- MAS
- Monetary Policy Statements
Last revised date:
- 14 October 2014 INTRODUCTION 1. In April 2014, MAS maintained a modest and gradual appreciation path of the S$NEER policy band, with no change to its slope, width, and the level at which it was centred. This policy stance, which has been in place since April 2012, was assessed to be appropriate for containing domestic and imported sources of inflation amid the ongoing economic restructuring. Chart 1 S$ Nominal Effective Exchange Rate (S$NEER) 2. Over the last six months, the S$NEER fluctuated
- MAS
- Monetary Policy Statements
Last revised date:
- 12 April 2019 INTRODUCTION 1. In its October 2018 Monetary Policy Statement, MAS announced a slight increase in the slope of the S$NEER policy band. There was no change to the width of the policy band or the level at which it was centred. This policy stance was assessed to be appropriate given the expectation that MAS Core Inflation would rise modestly in the near term before stabilising at just below 2%. The Singapore economy was also projected to remain on its steady expansion path. Chart 1 S
- MAS
- Monetary Policy Statements
Last revised date:
- 13 April 2017 INTRODUCTION 1. In the October 2016 Monetary Policy Statement (MPS), MAS kept the slope of the Singapore dollar nominal effective exchange rate (S$NEER) policy band at zero percent, with no change to the width of the policy band or the level at which it was centred. This policy stance was assessed to be appropriate given the subdued outlook for growth and inflation. Chart 1 S$ Nominal Effective Exchange Rate (S$NEER) 2. Following the October 2016 MPS, the S$NEER has fluctuated
- MAS
- Media Releases
Last revised date:
- Singapore, 12 November 2019… The Monetary Authority of Singapore (MAS), Deloitte and S&P Global Market Intelligence have collaborated to develop a prototype for an industry-wide FinTech Research Platform to help investors and financial institutions connect with FinTech start-ups that they can partner with or invest in. 2 Deloitte’s internal analysis discovered that investors and financial institutions currently do not have access to reliable and up-to-date company information of FinTech start-ups